International Tax Newsletter - Europe & African region | KPMG | BE
close
Share with your friends
International Tax Newsletter - Europe & African region

Europe & African region

International Tax Newsletter

Europe and Africa regions

May 2018

This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Europe and Africa regions between 1 May and 31 May 2018.

 

Bulgaria Czech Republic European Union Germany
Ireland Italy Kenya Luxembourg
Malta Netherlands Nigeria Poland
Serbia South Africa Turkey United



For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.

To contact the International Tax Team email internationaltax@kpmg.com.

To register for the International Tax webcasts, click here.

International Tax Newsletter - Europe & African region

Bulgaria

Tax legislation approved and regulatory update

Tax compliance - 19 May 2018

A new law concerning the requirements for creating and storing electronic documents in employee files was published in the official gazette, and has an effective date of 19 May 2018.

Read more.

Czech republic

Proposed legislation

VAT - 24 May 2018

A draft proposal would amend the VAT law to address the treatment of payments made by debit or credit cards and the electronic reporting of sales, and to reduce the rate of VAT for certain goods and services.

Read more.

 

Administrative and case law

Permanent establishment - 19 May 2018

A regional court of České Budejovice held that if an agent’s activities are a separate and essential part of a non-resident taxpayer’s business activity, these give rise to a permanent establishment of the taxpayer in the Czech Republic.

Read more.

 

Tax incentives / R&D - 24 May 2018

The Supreme Administrative Court held that taxpayer compliance with certain formalities under the income tax law is a prerequisite for claiming R&D allowances. If a taxpayer fails to meet these conditions, the R&D claims may be challenged by the tax administrator.

Read more.

European Union

Tax legislation approved and regulatory update

Mandatory disclosure - 4 May 2018

The new EU Mandatory Disclosure rules, also known as DAC 6, will apply from July 2020, but are expected to have a retrospective effect for all reportable arrangements that have their ‘first step’ after 20 days following publication of DAC 6 in the official journal.

Read more.

 

EU black list - 25 May 2018

The European Council announced that the Bahamas and Saint Kitts and Nevis are removed from the EU's list of non-cooperative tax jurisdictions (the EU “black list”).

Read more.

 

Proposed legislation

EU digital tax - 18 May 2018

This article discusses some of the latest developments surrounding the EU digital tax proposal that have taken place over the past few weeks.

Read more.

 

VAT - 25 May 2018

The European Commission proposed the detailed technical amendments to EU rules on VAT that would supplement a recent proposal to revise the VAT system to make it more “fraud-resilient.”

Read more.

 

Excise tax - 25 May 2018

The European Commission proposed to revise the rules governing the excise tax (duty) on alcohol within the EU.

Read more.

 

KPMG publication

VAT - 16 May 2018

This report is prepared by KPMG to provide the European Commission’s Directorate General for Taxation and Customs Union with an overview of the functioning of the Special Scheme for travel agents contained in Articles 306 to 310 of the VAT Directive.

Read more.

Germany

Administrative and case law

VAT - 24 May 2018

The Court of Justice of the European Union issued a judgment concluding that the principles of effectiveness, neutrality, and proportionality preclude a national regulation that denies a business the ability to make a correction in order to assert a right (not yet lapsed) to deduct input VAT, merely because the correction relates to a period of time that has already been audited.

Read more.

Ireland

Administrative and case law

VAT - 7 May 2018

The Advocate General of the CJEU issued an opinion concluding that VAT with respect to professional services provided to the taxpayer were not deductible.

Read more.

Italy

Administrative and case law

Permanent establishment - 21 May 2018

Guidance by the tax authorities (Guardia di Finanza) and recent decisions by Italian courts have examined and clarified the definition of permanent establishment following amendments made by the budget law of 2018.

Read more.

Kenya

Proposed legislation

Gambling industry - 14 May 2018

It is barely four months after the coming into force of the 35 percent tax on gaming revenue and the Treasury is proposing new tax changes in the gambling industry.

Read more.

Luxembourg

Tax legislation approved and regulatory update

Anti-tax avoidance - 7 May 2018

The Luxembourg tax authorities published a circular detailing the defensive measures that will apply in relation to countries included in the EU list of non-cooperative jurisdictions for tax purposes.

Read more.

Malta

Tax legislation approved and regulatory update

VAT - 1 June 2018

With effect from 1st June 2018, two or more legal persons, at least one of which operates within the financial or gaming sectors, may opt to be treated as a single taxable person for VAT purposes.

Read more.

Netherlands

Proposed legislation

Anti-tax avoidance / Corporate income tax - May 2018

The Deputy Minister of Finance sent letters to both houses of parliament in response to questions and to explain the plans for legislation to implement an anti-tax avoidance directive and the fiscal unity rules for corporate income tax purposes.

Read more.

 

Administrative and case law

VAT - 4 May 2018

The Advocate General of the CJEU issued an opinion in a case on referral from the Supreme Court of the UK, and concluded that the VAT exemption for the provision of credit cannot be applied to hire-purchase transactions; that a hire-purchase transaction is a single supply of a service or a good; and that the whole supply is to be treated as taxable.

Read more.

Nigeria

Tax legislation approved and regulatory update

Tax compliance / Immigration - 7 May 2018

The Federal Ministry of Interior beginning 7 May 2018 will process various applications electronically (online). Electronic processing will apply for business permits, expatriate and citizenship applications, among others.

Read more.

 

Administrative and case law

Company law - 15 May 2018

Legislation in Nigeria provides amendments to the law governing companies.

Read more.

Poland

Tax legislation approved and regulatory update

Corporate income tax - 10 May 2018

Poland’s Ministry of Finance released explanatory notes concerning the rules that limit the tax deductibility of certain intangible service fees and royalties paid to related entities.

Read more.

Serbia

Tax legislation approved and regulatory update

Foreign exchange control - 20 April 2018

The Serbian parliament passed legislation that revises the rules and requirements concerning foreign currency and transactions conducted with foreign currency.

Read more.

 

Tax procedure - 9 May 2018

Tax procedure measures are part of a new tax law that was enacted in late April 2018 following passage of the legislation by the Serbian Parliament and publication of the law in the official gazette.

Read more.

 

VAT - 1 July 2018

Provisions under new VAT legislation generally will be effective 1 July 2018. Provisions relating to VAT refunds for foreign entities will be effective 1 January 2019.

Read more.

South Africa

Tax legislation approved and regulatory update

Crypto-currencies - 14 May 2018

The SARS announced that it will continue to apply normal income tax rules to crypto-currencies and will expect taxpayers to declare crypto-currency gains or losses as part of their taxable income.

Read more.

 

Proposed legislation

Tax compliance / Individual taxation - 11 May 2018

The South African Revenue Service published a draft notice, for comment, concerning individuals who are required to submit income tax returns for the 2018 year of assessment, as well as the dates on which those returns are due.

Read more.

Turkey

Tax legislation approved and regulatory update

Tax amnesty - 18 May 2018

A “tax amnesty” law, allows for certain penalty relief on the repatriation of capital and certain receivables.

Read more.

 

VAT / Tax compliance - 2 May 2018

A VAT communique has an effective date of 1 January 2018 and concerns supplies of “e-services”—specifically, services provided electronically to individual consumers in Turkey by entities that do not have a tax residence, workplace, registered head office or business center in Turkey. These entities, therefore are required to register in Turkey.

Read more.

United Kingdom

Tax legislation approved and regulatory update

Tax compliance  - 30 September 2018

Requirement to Correct (RTC) provides a window of opportunity for individuals, trustees and companies (e.g. corporate non-UK resident landlords) to correct any offshore aspect to their tax affairs up until 30 September 2018.

Read more.

 

Proposed legislation

Partnership law - 11 May 2018

The Department for Business, Energy and Industrial Strategy have released a consultation on various reforms to partnership law aimed at curtailing the misuse of limited partnerships.

Read more.

 

Immigration  - 14 May 2018

HMRC published a consultation on simplifying the tax and administrative treatment of short term business visitors to the UK from overseas branches of UK companies.

Read more.

 

Administrative and case law

Brexit / Tax compliance - 4 May 2018

HMRC have announced that they “have made the decision to delay plans to introduce further digital services for individuals, to release project capability to EU Exit work”.

Read more.

 

Cross-border mergers - 4 May 2018

A recent decision could have implications for UK groups wishing to rationalise their structures in an efficient and cost-effective manner.

Read more.

 

WHT  - 16 May 2018

The Upper Tribunal published its decision in Coal Staff Superannuation Scheme Trustees Limited v HMRC, a test case seeking to recover withholding tax suffered on manufactured overseas dividends, following an appeal from the First-tier Tribunal.

Read more.

 

KPMG publications

Strategies for maintaining UK tax competitiveness - 15 May 2018

The UK remains a powerful draw for investment despite the complex challenges associated with Brexit, according to our latest survey.

Read more.

Connect with us

Related content